Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Right-of-Use Assets and Lease Liabilities

Information related to the Company’s right-of-use assets and related lease liabilities is as follows:

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
Cash paid for operating lease liabilities	$	243	$	433
Right-of-use assets obtained in exchange for new operating lease obligation		—		7,622

	June 30, 2019
Weighted-average remaining lease term	13.0 years
Weighted-average discount rate		7.6	%

Right-of-use assets and lease liabilities for the Company’s operating leases were recorded in the condensed consolidated balance sheet as follows, representing the Company’s right to use the underlying asset for the lease term (“Other assets”) and the Company’s obligation to make lease payments (“Other current liabilities” and “Other liabilities”):

	June 30, 2019
Other assets	$	7,387

Other current liabilities	$	481
Other liabilities		7,063
Total lease liabilities	$	7,544

Schedule of Future Lease Payments Included in Measurement of Lease Liabilities on Condensed Consolidated Balance Sheet

Future lease payments included in the measurement of lease liabilities on the condensed consolidated balance sheet as of June 30, 2019 for the following five fiscal years and thereafter were as follows:

Due in 12 month period ended June 30,
2020	$	1,018
2021		1,028
2022		1,034
2023		1,045
2024		1,239
Thereafter		6,034
	$	11,398
Less imputed interest		(3,854	)
Total lease liabilities	$	7,544

Schedule of Future Minimum Lease Payments Under Non-cancelable Operating Leases

As of December 31, 2018, future minimum lease payments, as defined under the previous lease accounting guidance of ASC Topic 840, under non-cancelable operating leases for the following five fiscal years and thereafter were as follows:

Due in 12 month period ended December 31,
2019	$	904
2020		1,020
2021		1,030
2022		985
2023		766
Thereafter		2,356
	$	7,061